Your quick guide to better nonprofit financial management

first_imgIf you feel the need to strengthen your financial management savvy, check out StrongNonprofits.org, a new website featuring free tools, how-tos and guides.Developed in partnership between The Wallace Foundation and Fiscal Management Associates, the site contains more than 64 resources for anyone involved in nonprofit financial planning, monitoring, operations or oversight, and particularly nonprofit afterschool program providers. Features range from a nonprofit accounting guide, to an article on sensible growth strategies, to a podcast on how to understand the true costs of programming. The site also offers an array of helpful tools, including the “Go or No Go Decision Tool,” a questionnaire that helps an organization decide whether accepting a contract would help – or hurt – the group’s bottom line.The site includes:• A Five-Step Guide to Budget Development—a presentation that describes a team approach to budgeting essentials such as setting financial goals, forecasting results and monitoring progress.• Budgeting and Financial Planning Tools—Excel-based templates to provide organizations with a framework for building program-based budgets, projecting cash flow, and evaluating revenue scenarios.• Guide to Effective Board Leadership—an easy-to-follow description of how nonprofit boards can do the necessary financial oversight of their organizations.You can find the site here.last_img